Industries

Angry reactions as Petrol hits N212.61 per litre

Nigerians have condemned the purported increase in the pump price of premium motor spirit (PMS) also known as petrol by the...
Customers with faulty meters shouldn’t get estimated bills – NERC

Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution company...

SEC partners AfDB to broaden market instruments

To strengthen Nigeria’s securities market regulation and broaden tradable instruments, the Securities and Exchange Commission (SEC) has announced...
We spent N966bn on pipeline repairs, NNPC replies AuGF

The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and...
How Dangote refinery will boost Nigeria’s economy

The Major Oil Marketers Association of Nigeria (MOMAN) says the 650,000 BPD Dangote Refinery in Ibeju Lekki,...
Petrol queues abate as more stations resume operations

The queues for petrol in Abuja and neighbouring Nasarawa and Niger reduced on Thursday as more retail...
Nestle Plc drags down market cap of Nigerian Stock Exchange

The Nigerian Stock Exchange closed trading on Tuesday on a negative note, due to price depreciation posted...
Petrol scarcity persists, transport fares rise by 100%

Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over...
NIMC warns Nigerians against fake NIN verification website

The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC...
Petrol scarcity, ploy to hike price, say marketers

The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger...
Fuel queues spread over looming price hike

The queues for petrol grew worse in some parts of the country on Sunday following the shutdown...
Nigeria loses N151.78bn crude oil monthly – NNPC

Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum...
Diesel price soars to N250/litre, businesses groan

The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250...
DPR, aviation firm partner to de-risk oil, gas operations

The Department of Petroleum Resources on Monday inaugurated an initiative aimed at tackling accidents associated with oil...
SON to deploy tools to boost enforcement of standards

The Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, said the agency has resolved to...
Should SON return to the ports?

The Standards Organisation of Nigeria (SON) has mooted the idea of its comeback to the ports, years...
Court blocks Shell’s accounts over alleged oil theft

A Federal High Court in Ikoyi, Lagos has granted an interim Mareva injunction directing commercial banks to block Shell Petroleum Development...
Marketers raise petrol price to N170, depots suffer shortage

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in...
Petrol subsidy may hit N11.2bn per week

The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in...
LCC owes local, foreign lenders N11.6bn, $31.1m

The Lekki Concession Company (LCC) on Monday said it owes local and foreign lenders N11.6 billion and...